Mortgage rates were marginally lower today compared to last week, but only when factoring in upfront finance charges. Actual quoted interest rates have been unchanged for more than a week with the average lender quoting conventional 30yr fixed rates of 4.0% on top tier scenarios. For the bond markets that underlie mortgage rates, it was a three-day weekend, and it showed. There were no relevant economic reports and very little by way of market-moving news or events. That will change later this week when we'll receive several important reports, including a key inflation reading on Friday. In general, rates have been in a holding pattern at the highest levels in more than 2 months. The next move is important, because it will either keep 2017's narrow pattern intact or suggest a shift back toward

October 10, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.15% -0.02%   6.01% 7.13% 15 Yr. Fixed 5.72% -0.03%   5.55% 6.5% 30 Yr. Jumbo 6.33% -0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Oct 10, 2017 Mortgage Rates Little-Changed Near 4% Tue, Oct 10, 2017 4:07PM Mortgage rates were marginally lower today compared to last week, but only when factoring in upfront finance charges. Actual quoted interest rates have been unchanged for more than a week with the average lender quoting conventional 30yr fixed rates of 4.0% on top tier scenarios. For the bond markets that underlie mortgage rates, it was a three-day weekend, and it showed. There were no relevant economic reports and very little by way of market-moving news or events. That will change later this week when we'll receive several important reports, including a key inflation reading on Friday. In ge... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.15% -0.02 0.00 15 Yr. Fixed 5.72% -0.03 0.00 30 Yr. FHA 5.75% -0.05 0.00 30 Yr. Jumbo 6.33% -0.02 0.00 7/6 SOFR ARM 5.56% -0.03 0.00 30 Yr. VA 5.77% -0.04 0.00 Updates Daily - Last Update: 2/6 Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.01 0.00 15 Yr. Fixed 5.50% +0.01 0.00 Updates Weekly - Last Update: 2/5 Mortgage Bankers Assoc. 30 Yr. Fixed 6.24% +0.08 0.55 15 Yr. Fixed 5.64% +0.09 0.61 30 Yr. Jumbo 6.34% -0.05 0.40 Updates Weekly - Last Update: 1/28 UMBS 30YR 5.0 100.05 +0.01   95.71 100.50 UMBS 30YR 5.5 101.49 +0.04   98.11 101.64 10 YR Treasury 4.213 +0.033   3.932 4.608 MBS Live Recap: Early Gains Nearly Erased by PM Weakness Tue, Oct 10, 2017 4:49PM Bonds struggled to find a theme in their first trading day back from a 3-day weekend.  Much of the international focus was on Catalonia's quest for independence, but headlines from the region never seemed to have a material impact on bond markets-- especially US bond markets.   In fact, it was a downright slow and boring session until rough... (read more) MBS Price Change UMBS 4.5 98.06 +0.03 UMBS 5.0 100.05 +0.01 UMBS 5.5 101.49 +0.04 GNMA 4.5 97.84 +0.10 GNMA 5.0 100.18 +0.11 GNMA 5.5 101.22 -0.02 Pricing as of: 2/7 9:32AM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.044 5 YR Treasury 3.753 +0.036 7 YR Treasury 3.965 +0.026 10 YR Treasury 4.213 +0.033 30 YR Treasury 4.851 +0.006 Pricing as of: 2/7 9:32AM EST Other News Credit Access Favors Jumbo Loans Tue, Oct 10, 2017 12:19PM Credit access hasn't improved much over the last year unless one is shopping for a jumbo mortgage loan. The Mortgage Bankers Association (MBA) noted an 0.7 percent increase in its Mortgage Credit Availability Index (MCAI) in September, bringing it to 181.4. The increase came from agency jumbo programs that have been phased in over the past few months and con... (read more) CoreLogic Says Delinquency, Transition Rates Continue to Improve Tue, Oct 10, 2017 11:56AM National delinquency rates continue at 10-year lows , and both early delinquency and transition rates are stable as well. But CoreLogic, in its July Loan Performance Report, points to what it calls some disturbing trends in localized areas. The mortgage delinquency rate was down 0.9 percent year-over-year, to 4.6 percent. The rate includes all loans 30 days ... (read more) Lenders' Disaster Toolkits Need an Update Tue, Oct 10, 2017 9:28AM The costs of the recent hurricanes that struck in August and September are coming home to roost. The first two in the recent rolling series are, in fact are largely blamed for the first job loss in 80 months, a 33,000 deficit in September. Last week we reported a Black Knight Financial Services' estimate that lenders had $705 billion in unpaid principal bala... (read more) Credit Guideline Changes; Compliance and Communication Products; Upcoming Events Tue, Oct 10, 2017 9:20AM 6,762 institutions took a residential loan application in 2016, per Richey May’s HMDA dashboard data. That is a lot of lenders!! Another big figure is the number of houses that were built with porches last year. According to a NAHB analysis of the U.S. Census Bureau’s Survey of Construction data, 65.1% of the 780,000 single-family homes started i... (read more) Latest Video There's going to be caution among the financials: Jim Paulsen President Trump sitting down with Rex Tillerson today Sonoma and Napa counties hit hardest by wildfires Around the Web Calculated Risk Blog Q3 Review: Ten Economic Questions for 2017 CNBC And then there were two: Powell, Warsh at front of Fed chair race Market Watch Stock record ride has reached epic proportions,' Morgan Stanley says CoreLogic CoreLogic Analysis Shows More Than 172,000 Homes at Risk from Wildfires in Napa and Santa Rosa The Basis Point Top Jumbo Lenders So Far In 2017 Market Watch Americans are getting comfortable with debt again, raising risk for financial institutions, Moody's says CNN Trump's pick for Fed chair might not be an economist Bloomberg Fed Minutes May Underline Depth of Backing for December Hike CNBC What's behind the sudden optimism among homebuyers PR Newswire Gap Between Owner and Appraiser Opinions of Home Values Narrows for Fourth Straight Month Market Watch Bond Report: Treasurys see modest buying as investors await Fed minutes Bloomberg Growth Trend Is No Longer a Friend to Bond-Market Investors Calculated Risk Blog CoreLogic: House Prices up 6.9% Year-over-year in August

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